JPMorgan Chase & Co. headquarters in New York.
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June 28, 2012 "People who have been briefed on the situation," say the losses from bungled trading have more than tripled from the initial estimate, The New York Times reports. The bank isn't commenting for the record.
June 19, 2012 The bank lost $2 billion — and counting — on some risky bets. But could it ever lose $1 trillion? Only if there's a celestial catastrophe, its CEO quipped today.
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JPMorgan Chase CEO Jamie Dimon during his testimony today on Capitol Hill.
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June 13, 2012 "It's likely that there will be clawbacks," CEO Jamie Dimon told Congress today, invoking a term that those executives certainly didn't want to hear.
June 12, 2012 After interviews with more than a dozen current and former executives at the bank, the newspaper concludes that it was warned about bets that would cost it more than $2 billion. A plan to roll them back wasn't properly implemented, the Journal says.
May 17, 2012 The losses from ill-fated bets made by the bank's London office have been expected to mount. But they're rising even faster than some predicted. Still, JPMorgan's profits from other operations will likely offset the billion dollar blunders.
Standing behind a banner with a picture of J.P. Morgan Chairman and CEO James Dimon, protesters gathered outside the bank's annual meeting today in Tampa.
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May 15, 2012 A Justice probe would be in addition to another investigation by the Securities and Exchange Commission. Meanwhile, CEO Jamie Dimon survived a challenge at the company's annual meeting.
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It's a hedge!
May 14, 2012 A new rule is supposed to ban banks from making speculative bets. But JPMorgan's $2 billion trading loss illustrates the challenge of putting the rule into effect.
May 14, 2012 People familiar with the situation tell The Wall Street Journal that the bank's losses from a risky trading scheme will continue to mount in coming quarters. They also say, Bloomberg News reports, that JPMorgan may close the office responsible.
April 19, 2010 Bank of America, JPMorgan Chase, and Citigroup all turned a profit in the first three months of the year. The key to their success: Wall Street-style banking and trading.
April 14, 2010 The first-quarter profits at JP Morgan Chase, the second biggest bank in America, make it look like a big Wall Street investment bank that happens to have a gigantic retail banking operation attached to it.
January 13, 2010 The FCIC starts its hearings by with testimony from the heads of Goldman Sachs, JPMorgan Chase, Morgan Stanley and Bank of America.
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